Innovative Designs, Inc. (OTCQB: IVDN) has announced that its fiscal third quarter, ending July 31, 2026, delivered the highest revenues in the company's history, with a nearly 40% increase over the same period last year. This marks the eighth consecutive quarter of profitability, underscoring a sustained upward trajectory in both sales and financial performance.
The company attributes this growth to the increasing market adoption of its Insultex House Wrap®, a superior home insulation product. The product is now available at nearly 200 retail locations across the United States, with more dealers joining weekly in multiple states. Insultex House Wrap® meets or exceeds new government building codes that mandate continuous insulation and exterior R-Value requirements. For new construction, it provides an R-6 moisture barrier membrane without the need for additional insulation boards, offering a cost-effective and efficient solution compared to competitor products. Full product specifications are available at Insultex House Wrap.
In a significant development, the independent laboratory re-certification program with BRC Laboratories has entered its final stages. This program aims to re-certify the R-Value testing equipment, a crucial step for Insultex® to qualify for a wider range of building applications and larger-scale projects. CEO Joseph A. Riccelli Jr. has personally visited the BRC facility and maintained regular communication with its manager, emphasizing the importance of this certification. The successful completion could unlock revenues never before achieved by Innovative Designs, positioning the company to tap into the multibillion-dollar homebuilding industry.
Randy Kimbler, Director of Business Development for Built Link Solutions, noted, "The popularity of Insultex House Wrap® continues to grow steadily. New building material suppliers are adopting this multi-advantage product almost every week. Individual builders and contractors are also calling us almost every day to capitalize on the value and cost savings that Insultex® brings to their building projects."
Joseph A. Riccelli Jr., CEO, expressed satisfaction with the results: "Achieving the highest revenue of any quarter in the Company's history and our 8th straight quarter of profitability is a gratifying milestone for all the dedicated work that our team has put in. We plan on filing our official 2026 fiscal third quarter financial report on time for its mid-September requirement with full results. I am also especially pleased to be able to announce that the re-certification program we have pursued since the start of 2026, under contract with independent BRC Laboratories, has moved to the final phase of the re-certification process for the R-Value testing equipment. We expect to have official documentation in hand soon and will make more detailed announcements at that time. Considering the value of this certification, the outcome could result in revenues that have never been achieved by Innovative Designs. Expediting this certification continues to be a high priority. The company will continue to issue updates as the process progresses."
This announcement comes as the company prepares to file its official financial report, which is due in mid-September. The strong quarterly performance and the advanced certification status signal a promising outlook for Innovative Designs as it seeks to expand its footprint in the homebuilding sector.
